Karnataka mulls setting up technology development board

News Network
November 18, 2019

Bengaluru, Nov 18: The Karnataka government would contemplate the setting up of a Karnataka Technology Development Board to promote information technology and knowledge economy, said state Chief Minister B S Yediyurappa on Monday.

The proposed board would be responsible for investment promotion, industry development and manpower development of the broad technology sector, and shall aim to strengthen the state's position as one the world's leading hubs in the high technology arena, he said.

Speaking after inaugurating the three-day Bengaluru Tech Summit 2019, he said the state has topped the first-ever innovation ranking rates by Niti Aayog.

He said that during an interaction with the industry leaders after becoming Chief Minister, he had promised them a legal framework for promoting innovation through a statute, which he fulfilled by setting up the Karnataka Innovation Authority through legislation.

The Authority, headed by him, will sanction setting up of regulatory sandboxes and will have powers to exempt or relax provisions of any law enacted by the State Legislature so as to promote innovation, Yediyurappa told the gathering. Appealing to the industry leaders to invest in Karnataka, the Chief Minister said numerous favourable factors such as proactive government,industry-friendly laws, talent pool of highly skilled professionals and cosmopolitan life in the cities have made Karnataka the most preferred destination in India for startups, researchers and global corporate giants alike.

He called upon the investors to make use of the opportunity provided by the state government. Deputy Chief Minister C N Ashwath Narayan, Chief Secretary T M Vijay Bhaskar, diplomats from various countries and delegates from India and abroad were present.

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News Network
January 14,2020

Udupi, Jan 14: The Udupi district police on Tuesday arrested two suspected terrorists at the Indrali railway station in Udupi.

The two, who had reportedly arrived from Kerala at around 6 ap.m., were standing at the Indrali railway station platform.

Suspicious of their behaviour, the police took them to custody and subjected them to interrogation.

According to reports the duo had involved in the murder of Tamil Nadu police Special Sub-Inspector Wilson.

However, top cop of the district has refused to comment regarding the arrest of the youths.

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News Network
May 20,2020

Bengaluru, May 20: Ride-sharing company Ola Cabs said on Wednesday it will lay off 1,400 of its employees due to business uncertainty caused by the coronavirus pandemic while the revenue has come down by 95 per cent in the past two months.

"The COVID crisis continues to unfold all around us causing unprecedented economic and social destruction. It has also become evident that the coronavirus will not be eliminated any time soon," wrote co-founder and CEO Bhavish Aggarwal to all Ola employees.

"In these circumstances, today I write to all of you with the toughest decision I have ever taken -- the need to downsize our organisation and let go of 1,400 of our valued employees," he said.

Aggarwal said the fallout of virus has been very tough for the cab aggregating industry in particular. "The company's revenue has come down by 95 per cent over the past two months," he said.

Initially, he said, the company hoped it would be a short-lived crisis and that its impact would be temporary. "But unfortunately, it is not been a short crisis. And the prognosis ahead for our business is very unclear and uncertain. It is going to take a long time for people to go out and about like before."
With more companies preferring to have a large number of employees work from home, air travel limited to essential trips and vacations being put off for better times, the impact of this crisis is definitely going to be long-drawn, said Aggarwal.

"The world is not going to revert to the pre-COVID era anytime soon. Social distancing, anxiety and an abundance of caution will be the operating principles for everyone," he told employees.

Aggarwal said the crisis necessitates the need to conserve cash aggressively so that Ola is able to invest in opportunities in the future, adding the downsizing exercise has been a very tough and sad decision for the management team to make.

"While we restructure our organisation to the new realities of our business, we are also going to recommit ourselves to strengthening our operational excellence and leverage a lot more technology to improve efficiencies and reduce cost across all parts of our business," he said.

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coastaldigest.com news network
January 3,2020

Mangaluru, Jan 3: General Secretary of the All India Sunni Jamiyyatul Ulama, AP Aboobacker Musliyar Kanthapuram, visited the family members of Abdul Jaleel and Nousheen, expressed his condolences.

Jaleel, resident of Bundar Kandak and Nousheen, resident of Kudroli were killed in police firing that took place during the anti-CAA protest in the city on December 19.

Former President of the District Wakf Advisory Committee of Dakshina Kannada SM Rasheed Haji, Corporator Lateef Kandak, Congress leader N S Kareem and Ashraf Kinara, Samsuddin Kudroli were also present. 

DYFI delegation

Meanwhile, a central delegation of the Democratic Youth Federation of India also met the families of the both the victims and expressed solidarity with the kin of the deceased.

The delegation comprised of DYFI national president advocate Mohammad Riyaz, other leaders such as A A Raheem, S Satish, S K Sajeesh, legislator V K Sanoj and DYFI State present Muneer Katipalla.

 

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